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HomeMy WebLinkAbout1988-016DAZ/021788/021788 Florida Convalescent Centers, Inc. Project IRC/FL CONV CTR CLM - 9162-2 RESOLUTION RESOLUTION NO. 88- 16 WHEREAS, Indian River County, Florida (the "County"), adopted Resolution 87-139 on November 24, 1987, wherein the County authorized the issuance of its Variable Rate Demand/Fixed Rate Industrial Development Revenue Refunding Bonds (Florida Convalescent Centers, Inc. Project), in the aggregate principal amount of $4,800,000 (the "Bonds"), for the purposes of refinancing the cost of Ucquisition, construction and equipping of the facility owned by Florida Convalescent Centers, Inc. (the "Corporation") consisting of certain land, buildings, structures and equipment comprising a skilled and intermediate care nursing home facility (the "Project") which is located at 1755 37th Street, Vero Beach, in Indian River County, Florida, and refunding the entire outstanding principal amount of the County's $4,800,000 Industrial Development Revenue Bond, Series 1986 (Florida Convalescent Conters, Inc. Projoct) (the "Prior Bond"), issued to provide initial financing for the Project; WHEREAS, the County is authorized to issue the Bonds to refinance the Project and refund the Prior Bond pursuant to the provisions of the Florida Industrial Development Financing Act, Part II of Chapter 159, Florida Statutes, as amended; and WHEREAS, in order to satisfy the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, the County held a public hearing on the proposed issuance of the Bonds on the date of adoption hereof, more than 14 days following the first publication of notice of such public hearing in a newspaper of general circulation in Indian River County, Florida (a true and accurate copy of the publication of notice is attached hereto as Exhibit "A"), which public hearing was conducted in a manner that provided a reasonable opportunity for persons with differing views to be heard with regard to both the issuance of the Bonds and the location and nature of the Project; and WHEREAS, the Board of County Commissioners of Indian River County, Florida, is the elected legislative body of the County; POW, THEREFORE, BE IT HEREBY RESOLVED by the Board of County Commissioners of Indian River County, Florida, that the issuance of the Bonds is hereby approved In compliance with the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. The Clerk is authorized to make such applications to the State of Florida, Department of General Services, Division of Bond Finance as may be necessary to enables the. County to issue the Bonds. ADOPTED this 15th day of March, 1988, BOARD OF COU11TY ComrssIOHERS OF UIDIA11 RIVER COMITY, FLORIDA By. Chairman (SEAL) ATTEM dyAft = Approved an to Form and Legal Sufficiency CA By: County Attorney __�ci�iJvAl»rOvP. AdMin. Dept.Dept, f [ExHisir ..A.. VERB ©EACH PRESS -JOURNAL Publishad Daily Vora Bauch, Indian Alvar County, Florida s1ioAltl vi's of 'A)UNTY OF INMAN 141YEN !AA1G OF FIL01110h m,d6f„ rii„ r M'l,11kio'4r p4?11151 r� vN?va M,311,{;# � # IiDHK 1Ri,inhF+"� t�;p!,ed• Ualoto Ilia llndrrrvejnCdl c)r)IItr,lilit pctsrr dl1!1 .it,z;n. oro , JF;,.cihvrrtira, �m..)ie ALrnk), 211A 11 ,110 1d Rawat3dAita totir,u-t fli, tiW-to , Ily4 Ihfitl h@ 1s 6u3In0-1 PA -i► rat Ihr�l vf!0tri 0ea6lh 93soI,r 10%o rni,111 a n13,I�.1; m o #, pia p,ni! ptow) -.f, o1(0 �ifrtivNss iii Vo1(0 dnacll In Indlan 1(1vr]I f;0)«r+,1t. Krrlrirl]. 111n41 1INV }II,.itfi_nP err"" v q):r Gh nno tl"t,uo, ekt1LYX,4dr Mdft IM 6Mil +C�l rtE�lT r, t af,ipilK o tf ut t 0VN nio f � r.h4.f iN e T C4�a , y Owls. ►t,i.'y s:iWo •,n,f.fil.. V&* G*rth al.. a ca+• �) (� 3 � /�%�� r //■ i uM 111!8091!11 0 04 r igfio 6/ 0%44 sixe,l k,V41 br 04•i,6 flub k;`IWrr hfl be 153 11 owflimiA et R a" CAM44" P,#0 f6 Q R ®ii r,'iii,+,y VAh pradaeds 0 141"r a*ce - - 0,4 c'G,r.f'audPAti. aria KY""ifi"` of 0 fd;ihM4� v4 war+n, it14 care 6 W naa r*prni Afsutrt . fo,t" at Im V firj"� VOM 5Wh. 10 Iha Goi1tl *as pub F s. wf rin"A A"W Covnrf t., lot FlOttde Camar.rfaed+l Cet+wis• M+e . # tlry+ a eatpsxM 1%%4ft WAM be"prtncIp•' UW of $64 FS' UIIINed in Said newrlpapor in Ilio irr r)9 of� t tl�tl�tt ` / � ` cxsrt ir4 rt►oiustexai d"a!o#m#^I r#rorws to- ,.,u L �_=_.i h,n.tnng b4ii Vh4h be, parratlA# eo" from thio G rwutws dahild IddIdn AN& C4W*1 from the fmuK/ng 624oataani A 1M4111 @iniad into 1101th 1IWWM CorrvalKcad Centats. Ino, or auCh MW ey,ear 11 as Indian armor County $11110111 #p prove. o.cs0 to am eftant Owl Ne peyabto from Affiant further ,,ays that the said Vero Beach Press Journal is d M-0.0.11Prr pubhsttod at r#hMd,ng bands proceeds. Such refunding Vlllro UeaCh, in said Indian (livor County, Florida, anti Thal tho said nowspapnr has ficielofoto bonds and the interest thereon ahsii nal tonin• ITIDon continuously pt.blighed Tn niud Indian River County, Florida, each dad vial hats been tut# an rndab ode" or Indian or the gong Of Y � credit of liming power of Indian RW#r County M )hlored as sveond class mail matter at Iho post office in Vero Heach, in said In hdn Nvoi Coun the Slate Of Florida. Issuance of the refunding lif, Florida, for a period of one year nex t procedin() the first publication of Ilia wlached copy of bench or Indian RWU County Ghali b0 satisfactorydsubject to a(8verilsenI0t% and A!Iiant fi,rthor say!;that he has neitha!t /aid nor promised an Terson. Iain severalntat conal d apns.proval includingcounsel as doth- I P Y I ment.uon, and approval b counaM ae to the or corporation any discounl, rebid•: commission or refund lot the purpose of securing this tax•exempl status or the interest on the refund• giverbsement for publication in Ilio stud newspaper Ing t)IIc The aforementionedndallarsonwhomeeting shell be e public meeting and all persons who may be in• �jf t6raatod will be given an opportunity to be heard /% day of - l ` «'-(%�. 19 tK{ Concerning the sante. 9.1uvorn to and subscribed before me this _ anyone who may wish to appeal any d#clelori which may be made at this meeting will need to • ensure that a verbatim record of the proceeding Is made. which Includes testimony and evidence Vz tnbger)upon which the peal is based. ` I February 19, 19iap+ (Clerk of the Circuit Court, indi iver County, Florida) (1)I,EAL) 71 [EXHIBIT "A" VERO BEACH PRESS -JOURNAL Published Daily Vero coach, Indian Alwar County, Floride GOUN1Y OF INDIAN f VII'lf tP1A1L 617 FL®111110 a belirura tiro trnfIc)m1 lnc"Ff .1"YII-tFJrFlr 1-01"- t L,y to p.n T+f'q �� ,fl ".i:clhermmq,n �, .J�n m�,o, Knn, (n..Afii r,ayb that hd M 0`1iriQ$9 f.larr.a er of flrn Wilco 111A 7490 I1'eF4 i X,,4qj Amt.iJl g) 1Ity n)m'Be It Q.19 ;ih3Hi t rt11 til Volo dnAr'h rri Iridian 11evr'r f,fteirtf 0 t Cr}hep.Y. ikn.jl IfiiiI 40V.t.clh,r::p �c r,�,�g. ��,A a:,hy,r•�u�m�tm,nn:tl hin r� A�t.4c� / Pri IFI - anal Ir,r riI R`•pL -_ XVIC C -1A- iii the (diol rag pub imhod in Said nowbparot in thtt ieeivirs Of—-',mt!r`r lCej.'jt % 2� • Allianl further „tys that lite said Vero Broach Press JUurrlal is a newt.p.ipef published at Vpro Beach, In said Indian sliver County, Honda, and that the said nowspapr?r has holelblOto boon continuously pubhshod ni said Inrh.vi ftivrr County, Fioiicla, each daily :incl has been onlored as sucond clays mail matter at Ute post olhce in Vera Beach, i, said Intlran (livor Coun. ty, Florida, for a period of onu year next preeeding the first puhhcalror of the attached copy of advertisement and alhant ltirihor says that lie has neilh,�!r paid nor promised any person. torn or corporation any discount, rebate conimossion or refund lot the purpose of securing this advertisement for publication in Iho said riuwspaper Sworn to and subscribed before nie this �� day of - Y •Uclaf' . 19 ' rigger) ��,�, G,?► e/- (Clerk o1 the Circuit Court, IndiabAiver County, Florida) (SEAL) "W44 lima *Mel SAI C.ara�;q CoRWOtarW,6re 44 aroNa,+, 1ii �gM f'iga'idi,• W" fa'o' ai#••f:i ,�,,,n�a 4ir a il�c � t�SibdO• mw11 adr eer3 a as e� Lia tAt itA tfi�, la 411MIM rgy Yiaat E IV 0vni j4t4kMa4 IMVICdilW#tt Imo$ �,,riilK IlNatlr:i 4i s.M� �`� t1h11I §fi td_11Kh iS, rVI't! 116®pisto. 9%.11-6 owd4fC*6'ryCaN"s— urWui 4N iSn,H',APA Now UW01, It -!marl Wi0-4 111 00 ld, 40 ar.e re'O'AeA 14W U%A01 ,,/ir,y 116'A vfoii VO4 84itch. ft. to care t �tr ■lD6r44!11 CI 04 rtes v'ca Of fm SIC04 +I fN NAY ? 911 w.Su•tV� a'f1 rt, xntYs r! Itw^ nM y i+ ^O t cY r";11n FWit t;OW+t/ to 04 u31 rw7 tW 6i,4 D" iii}Il 44 W'Nfi Fj " 040C+946 6�sr$i�ri 1. 40 4•tiirl AmAlh pot""91 t0 '$finpanCs 6h-$ aS 411M`1}ri, tdFfi7,Vtl�aA, ON t'4 gVA9 of (r0 tu,iiitd any �+, ;'r cart $1 bid nutf�� o�� ItaAi+t/, M�CaK4d H USS 3) ofJM Y Bench. rwa++t4. n M44A W'W COWitr. 1.. sof Flaws Corr,arttcent Ca'+ta{a. Inc. a norlds Capon. Mon. r»+-�4n fnati be 04 piwKipal vial of 611+9 Fa. cAttr tr,s rr4vtLaal dM100MOM ftv*fta r! tum,og W-1% shah be ptyibts 14" from the levUwaa dwt od by Indiuf River CdWty 110171 prra hnancirp agreifnani A "A SAW MIO with Ilorala C0nvAI4SC4n) Cerit6r11. fn0, of such 0" gwite ►anis lotto Indian hirer County chap SP, orlu d ng bonds 01000iiOi f Sveh�itunfrom ifto bonds and the Inwo,"t tholoon $hall not Cori tuts an mdablodriftt Or ptedga of the general ctedii of ualn0 power of Indian Rival COunry Of the State of Fiorlds. latu$nCe Of the refunding bonds of Indian Rivet County shall be SUNNI 10 11avoral conditions, including satisfactory docu- mentation, and approval by Counvol as to the tax•exempl status of the interest on the refund - Ing bonds The aforementioned meeting Mall be a public meeting and all persona who may be in• forested will be given an opportunity to be heard concerning the SAWN, r Anyone who may wish to appeal any decision which may be made at this meeting will need to ensure that a verbatim record of the proceeding, Is made. which includes testimony and evidency upon which the appeal Is based. 1 1 Fobruary 19.1988 71